Appin, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $500,000 |
Monthly growth | 1.2% |
Quarterly trend | 3.5% |
Stock on market | 0.8% |
Apartment
Median price | $300,000 |
Monthly growth | 0.9% |
Quarterly trend | 2.1% |
Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $400,000 |
3 bedrooms | $500,000 |
4 bedrooms | $600,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $250,000 |
2 bedrooms | $350,000 |
3 bedrooms | $450,000 |
Demographics
Current Population (2025) | 15,000 |
Previous Population (2020) | 14,000 |
Population Change | 7.1% |
Total Private Dwellings | 6,000 |
Occupied Private Dwellings | 5,500 |
Population Density (per km²) | 1.5 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Appin, Ontario is currently experiencing moderate growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%, indicating a stable market with consistent demand. Similarly, the median apartment price has reached $300,000, with a slightly lower growth rate of 2.1% over the past year. This differential suggests that houses in Appin are attracting somewhat stronger interest compared to apartments, potentially due to family-oriented demographics or investor preferences for single-family homes.
Investment Opportunities and Potential
Investors considering the Appin real estate market can find potential in both residential housing and apartment sectors. With population growth at a robust 7.1%, the demand for housing is expected to remain strong. Investment in single-family homes could be particularly lucrative given their higher appreciation rate, while apartments offer a more affordable entry point into the market with steady growth prospects.
Furthermore, as Appin’s population expands, there will likely be increased demand for rental properties, which can provide investors with long-term income streams. The current trends suggest that investing in properties aimed at small families or professionals could be strategic, leveraging both the desire for homeownership and rental accommodations in this growing community.
Future Market Outlook
The future outlook for Appin’s real estate market remains optimistic. With its significant population growth outpacing many other regions, there is an implication of sustained economic vitality and an influx of new residents seeking housing. If these demographic trends continue alongside economic stability, both the median house and apartment prices may see consistent upward trajectories.
However, investors should consider broader economic factors such as interest rates, employment rates in the area, and national real estate policies that could influence local market dynamics. Careful analysis of these external components will be crucial for making informed investment decisions in Appin’s property market going forward.